Schumacher’s winning Ferrari F2001 sold at record $7.5M – Sotheby's | Lifestyle.INQ

OCTOBER 27, 2022

People look at former Ferrari German F1 driver Michael Schumacher's Monaco Grand Prix winning Ferrari F2001 car, which is on display with other models at the Rockefeller Plaza in New York on October 7, 2017, in celebrationS of Ferrari's 70th anniversary. Schumacher's Monaco Grand Prix winning Ferrari F2001 will be offered at Sotheby’s Contemporary Art Evening Auction on 16 November in New York, the first collector car ever to be offered in a Sotheby’s art sale. / AFP PHOTO / Jewel SAMAD
People look at former Ferrari German F1 driver Michael Schumacher’s Monaco Grand Prix winning Ferrari F2001 car, which is on display with other models at the Rockefeller Plaza in New York on October 7, 2017, in celebration of Ferrari’s 70th anniversary. Schumacher’s Monaco Grand Prix winning Ferrari F2001 was sold for $7.5 million at Sotheby’’s Contemporary Art Evening Auction on November 16, 2017 in New York, the first collector car ever to be offered in a Sotheby’’s art auction. (AFP FILE PHOTO)

 

Michael Schumacher’s Grand Prix-champ Ferrari sold for $7.5 million in New York on Thursday, setting an auction record for a modern-era Formula One car, an auction house revealed.

 

The Sotheby’s said the seven-time world champion’s Ferrari F2001 sparked furious bidding, roaring past its pre-sale estimate of $4 million to $5 million at Sotheby’s flagship post-war and contemporary November evening art sale.

 

It put the buzz into a night that otherwise fell short of the dizzying heights reached by Christie’s on Wednesday when a painting of Christ attributed to Italian master painter Leonardo da Vinci was sold for a record $450.3 million.

 

Sotheby’s said it was the first time that a rare automobile was included in an art auction and the decision appeared popular.

 

The sleek, low-slung, fire-engine red vehicle may not have been a work of art, but Gregoire Billault, senior Sotheby’s vice president, called it “the very best racing car ever sold at an auction.”

 

The German racing legend has not been seen in public since suffering serious head injuries in a skiing accident in 2013. His record of seven titles and 91 career victories remains unchallenged.

 

When it came to the art, Sotheby’s headline lot, a Francis Bacon triptych of the artist’s lover sold for $38.6 million, well within its estimate of $35 million to $45 million.

 

The auction record for a Bacon triptych is his “Three Studies of Lucian Freud” that sold for $142.4 million at Christie’s in 2013.

 

Sotheby’s other standout on Thursday was an iconic 1972 Andy Warhol portrait of the founder of Communist China, Mao Zedong, which sold for $32.4 million, the auction house said.

 

Exhibited in Berlin, Turin, and Paris, the painting had not previously been on public display since 1974.

 

The other 10 “Mao” paintings of the same size are in prestigious collections, including the Andy Warhol Museum in Pittsburgh.                   /kga

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